#CryptoClarityAct

Here’s a clearer picture of the Crypto Clarity Act (officially the “Digital Asset Market Clarity Act of 2025”, H.R. 3633):

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🧾 What is the CLARITY Act?

A bipartisan U.S. House bill passed on July 17, 2025, by a vote of 294–134 .

It clarifies which digital assets are commodities (under CFTC) versus securities (under SEC) .

Introduces expedited registration for digital-asset exchanges, brokers, dealers, and safe-harbor provisions for non-custodial DeFi roles such as developers and validators .

Defines when assets can transition from “investment contracts” to “digital commodities,” depending on network decentralization .

Also preempts conflicting state regulations and extends AML/BSA rules to crypto intermediaries .

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🔜 Next Steps in Congress

The bill has cleared the House and awaits Senate review .

On July 22, 2025, the Senate Banking Committee released its own 35-page discussion draft building on the CLARITY Act, seeking public input on definitions, disclosures, bank usage of DLTs, and asset classifications .

Senate sponsors include Senators Tim Scott, Cynthia Lummis, Bill Hagerty, Bernie Moreno .

House Majority Whip Tom Emmer expects full Senate action before September funding deadlines .